Category: Residential Mortgages
Highlights of the range include a 2-year fixed rate at 2.35% (was 2.39%) at 85% LTV, available for house purchase, which comes with a £495 fee, £500 cashback and free standard valuation.
Despite initial discussions, Iress, who has confirmed it has received a “confidential, unsolicited, non-binding and indicative proposal”, is looking for a higher price than what it has received.
The product offers a discounted interest rate to customers remortgaging a property with an Energy Efficiency Rating of A or B.
Looking at values and product type, MoneySuperMarket finds the average amount searched for is £213,000, while 2-year fixed (40%) and 5-year fixed (28%) are the most popular mortgage types for Brits.
As part of the agreement, Legal & General Mortgage Club members will have exclusive access to two mortgage products from Dudley Building Society.
The changes see Virgin Money and Clydesdale Bank now lend to contractors who fall inside IR35 and contractors paid via an umbrella are acceptable.
The figure covers the period just before the lower stamp duty rates began to taper off from July.
The Bank’s interim results revealed a 6.6% growth in total lending to £35.5bn.
So far Lloyds has lent around £9bn to first-time buyers leaving the Bank on track to meet its £10bn first-time buyer commitment.
In a busy first half of the year the Co-operative saw total gross residential lending of £3.1bn drive net lending of £1.8bn.